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PSA acquires second terminal at the Port of Halifax

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Shri Vaibhavi Logistics

SINGAPORE : PSA International has acquired Ceres Fairview Cove Container Terminal in the Canadian port of Halifax from Nippon Yusen Kabushiki Kaisha, and will now operate two container terminals in the port, namely Atlantic Hub and Fairview Cove, jointly branded under PSA Halifax.

PSA Halifax’s Fairview Cove terminal, at the north end of the city, will complement Atlantic Hub’s existing operations for vessels of up to 8,000 TEU, as part of its integrated offerings.

As for the PSA Halifax’s Atlantic Hub terminal, it has enhanced its competitiveness over the past two years, while investments in mega vessel handling capability have allowed it to handle the largest vessels ever to call in Canada, according to a statement.

“PSA Halifax’s Atlantic Hub was our Group’s first coastal terminal investment in Canada and we are pleased to be given the opportunity to also operate the Fairview Cove terminal,” stated Tan Chong Meng, Group CEO of PSA.

“This will allow the port to expand its service offerings and transform it from a coastal to a global hub port, enhancing competition, presenting significant efficiencies and strengthening Halifax’s position as a port of choice,” added Chong Meng, who also unveiled plans for further collaboration with CN Rail and other partners, as PSA seeks to extend Halifax’s hinterland to new markets.

The joint operations between Halifax Port Authority and PSA will allow PSA Halifax’s Fairview Cove terminal to build on its extensive railhead, roll-on roll-off (RoRo) capabilities and location for greater connectivity for shippers.

Furthermore, additional westbound service options have been made available to importers from North Europe and California to dovetail with weekly South Asia vessels.

With CN Rail service connections, backed by a network of coastal feeder opportunities, the two terminals are expected to offer logistical support and environmentally-beneficial options for a broad range of shippers.

Thomas J. Hayes, chair of the board of directors of Halifax Port Authority, commented, “This new operating model will allow PSA Halifax to capture new efficiencies, which will ultimately help drive more cargo through our international gateway, creating opportunities for Nova Scotia manufacturers, importers and exporters, and more cargo-related jobs across the supply chain.”

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